• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 6 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 2 hours So the President is on that Hydroxy
  • 9 mins 60 mph electric mopeds
  • 18 mins Russia loses its chance to capture the EU gas market
  • 35 mins Payback Time: Republican Senators turn the tables on Democrats. The difference is the Republican investigations are legit.
  • 5 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 3 hours Why 2030-Isn.t-The-Magic-Year-For-Electric-Vehicles
  • 2 mins China to Impose Dictatorship on Hong Kong
  • 5 hours Monetary and Fiscal Policies in Times of Large Debt:
  • 2 hours Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 hours DEFIANCE – There are More of Us Than Them
  • 3 hours Oil Capex Proportions
  • 12 hours Let’s Try This....
Oil Soars On Bullish EIA Inventory Report

Oil Soars On Bullish EIA Inventory Report

A week after reporting a…

U.S. Cuts Royalty Rates For Oil Firms

U.S. Cuts Royalty Rates For Oil Firms

The U.S. Administration has been…

Proposed Shale Gas Development Stirs Passions in Poland

Energy-poor Poland is about to embark upon using hydraulic fracturing to develop the country’s natural gas reserves. The practice is controversial in many countries, including the U.S., because of its potential impact on the environment, particularly groundwater. Many municipalities and counties in the U.S. have adopted stringent regulations as a result.
 
Poland’s Petrolinvest has formed a joint venture, Silurian-Hallwood, with the U.S.-based Hallwood Energy to begin shale gas extraction after funding is raised, Rzeczpospolita newspaper reported.
 
Silurian-Hallwood is currently attempting to raise $90-100 million, of which, $20-25 million will come from private investment with the remaining $70-75 million from an initial public offering (IPO) prior to the company being listed on London's Alternative Investment Market (AIM) later this year.
 
Author Jacek Skorupski observed, "Shale gas is a matter of a political nature. If we treat it like any other investment, we will be faced with mounting difficulties."
 
Deputy Environment Minister Jacek Jezierski ambiguously noted, "We will be able to say whether amendments to provisions regulating shale gas extraction are needed once we perform a professional assessment of its environmental impact, not an emotional one. Poland intends to control this process, not to ban it."
 
Marek Kryda of the Institute of Civil Affairs emphasized, "It is necessary to look after issues related to property expropriation and lease. We can already see irregularities at the stage of test drilling."

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News